Tom Lee literally just said their head analysts see volatility for the first two weeks of november then an insane finish into the eoy. He’s literally been spot on
Multiple people here think SMCI is going to reverse market sentiment. SMCI is the drunk aunt that ruins Thanksgiving every year. What makes you think this year is different? She's walking in half-sober, going to drop racial slurs during appetizers, finish a 750ml of whiskey, and then walk out of the house waving two middle fingers. Put away the expensive dishes, now!
I highly doubt this is the "beginning of a crash". If im wrong, oh well. But out of the 48937329 times ive heard people claiming the "crash is hear at our doorstep" 99.9% of times, theyre wrong. Even if the SPY moves down 10%, thats a fuckn mild correction lmao, a crash is a move down of 50% or more with extreme underlying macropressures to keep it selling off, we dont have that today. The '08 crash was caused by massive fraud in the banking sector and a spiraling collapse of the mortgage market. We do not have such circumstances today, just a sell-off and pullback because someone made a $55k hedge on two tech companies.